Tag: methanol

Enerkem–Technip Energies formalise collaboration to advance waste‑to‑methanol plant

October 24, 2024 | Jim Lane

In Spain, Enerkem and Technip Energies have signed a formal collaboration agreement to advance the Ecoplanta waste‑to‑methanol project in El Morell, near Tarragona. The facility will gasify up to 400,000 t/y of municipal solid waste into 240,000 t/y of sustainable methanol and downstream chemicals. Final investment decision (FID) was approved in July 2024, and the plant is expected online by 2029. The partnership focuses on technology […]

Japan’s first methanol-fueled VLCC unveiled

October 17, 2024 | Jim Kendrick

In Chile, Port Portal reports Nippon Yusen Kaisha in collaboration with Idemitsu Tanker, Iino Kaiun, and Nippon Shipyard, has announced the development of an environmentally friendly Very Large Crude Oil Carrier. This new vessel, the first Malacca Max-type VLCC in Japan to use methanol as a next-generation fuel, represents a significant step forward in green […]

CMA CGM’s fuel fiddle goes LNG while methanol stays in the kettle

October 10, 2024 | Jim Kendrick

In the UK, The Loadstar reports at the Singapore International Bunkering Conference on October 9, CMA CGM’s Vice President of Bunkering and Energy Transition, Farid Trad, announced that the company is focusing on LNG as a preferred transitional fuel due to its scalability and years of use, while still keeping methanol as an option. Trad […]

Maersk expands green fleet with methanol-powered Alexandra Maersk

October 10, 2024 | Jim Kendrick

In the UK at the Port of Felixstowe, Maersk launched the Alexandra Maersk, a dual-fuel methanol vessel, the fifth ship in a series of 18 dual-fuel methanol 16,000 TEU containerships scheduled for delivery in 2024 and 2025. The naming ceremony featured UK Maritime Minister Mike Kane who said, “This is exactly the kind of innovation […]

Braskem collaborates with the University of British Columbia to develop technology for producing methanol from CO2

October 6, 2024 | Juan Pedro Tomas

In Brazil, Braskem announced a collaboration with the University of British Columbia (UBC) to explore the feasibility of using an electrochemical reactor to produce methanol from CO, an important intermediate that can be obtained from CO2 Capture and Conversion. The project, which will last one year, is fully funded by Braskem as part of its […]

DNV reports surge in alternative-fueled vessel orders in 2024

October 3, 2024 | Jim Kendrick

In Greece, Safety4Sea reports classification society DNV’s Alternative Fuels Insights database has revealed that 2024 has seen a significant shift towards alternative-fueled vessels, with a total of 335 new orders so far, marking a 25% increase compared to the same period in 2023. According to Jason Stefanatos, Global Decarbonization Director at DNV, despite a slow […]

Global methanol market to reach revenues of over $32.9 billion by 2034, research finds

September 27, 2024 | Juan Pedro Tomas

In Delaware, Transparency Market Research reported that the global methanol market was worth $22 billion in 2023 and is expected to reach $32.9 billion by 2034. The report noted that the market is forecast to grow at a CAGR of 3.4% during the period. “Demand for methanol is expected to increase in Asia Pacific. Automobile, […]

Svitzer orders world’s first battery-methanol tug for Gothenburg operations

September 20, 2024 | Jim Kendrick

In Singapore, Splash 247 reports Danish towage company Svitzer placed an order with Uzmar shipyard in Turkey for the world’s first tugboat powered by a combination of a 6MWh battery and dual-fuel methanol engines. Scheduled to perform a significant portion of its duties at Sweden’s port of Gothenburg, this 34.9-meter vessel is designed to operate […]

Methanex signs definitive agreement to acquire OCI Global’s international methanol business for $2.05 billion

September 15, 2024 | Juan Pedro Tomas

In Canada, Methanex Corporation announced that it has entered into a definitive agreement to acquire OCI Global’s international methanol business for $2.05 billion. The transaction includes OCI’s interest in two world-scale methanol facilities in Beaumont, Texas, one of which also produces ammonia. The transaction also includes a low-carbon methanol production and marketing business and a […]

Methanex acquires OCI’s methanol business for $2.05 billion

September 9, 2024 | Jim Kendrick

In Canada, Methanex announced the acquisition of OCI Global’s international methanol assets for $2.05 billion. The deal includes two large methanol facilities in Beaumont, Texas, with a combined annual production capacity of 1.76 million tonnes of methanol. One plant also produces 340,000 tonnes of ammonia per year, marking Methanex’s entry into ammonia production. The acquisition […]

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